1803 ELECTRIC COOPERATIVE INC (EIN 834216089) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Phone

2254571803

Tax Period

2023-01-01 to 2023-12-31

1803 ELECTRIC COOPERATIVE INC, founded in 2019, is a small nonprofit in the Mutual Benefit sector that reported $550K in total revenue in fiscal year 2020. The organization ran a surplus of $232K, a strong 42% operating margin.

Mission

Provide safe reliable and cost effective electric power generation and transmission to member electrical power cooperatives.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,898,974

Investment Income $236,992

Other Revenue $0

TOTAL REVENUE $6,135,966

Expense Breakdown

Grants Paid $0

Salaries & Benefits $664,444

Fundraising Expenses $0

Program Expenses $2,062,246

Other Expenses $1,397,802

TOTAL EXPENSES $2,062,246

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,135,966	$3,201,960	+0.9%
Expenses	$2,062,246	$830,098	+1.5%
Net Income	$4,073,720	$2,371,862	+0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

$491,834

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeff Churchwell	Director President CEO	10.00	Officer Director	$0	$0	$0
Phillip Fincher	Director Vice-President	8.00	Officer Director	$0	$0	$0
Dane Hocott	Director Secretary Treasurer	5.00	Officer Director	$0	$0	$0
Francis Cefalu	Director	3.00	Director	$0	$0	$0
Mark Brown	Director	2.00	Director	$0	$0	$0
Weldon Fitch	Director	3.00	Director	$0	$0	$0
Roger DeHart	Director	5.00	Director	$0	$0	$0
Joey Rogers	Director	20.00	Director	$0	$0	$0
Matthew Peters	Director	5.00	Director	$0	$0	$0
Brian Zelenak	Director	3.00	Director	$0	$0	$0
Brian Hobbs	CEO	40.00	Key Emp	$342,349	$0	$342,349
Ronald Repsher	COO	40.00	Key Emp	$114,458	$0	$114,458
Benjamin Adams	CFO	40.00	Key Emp	$35,027	$0	$35,027

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2023	$6,135,966	$2,062,246	$7,944,106	$4,073,720
2022	$3,201,960	$830,098	$2,356,894	$2,371,862
2021	$750,000	$1,098,242	$104,233	$-348,242
2020	$550,000	$317,622	$236,798	$232,378

1803 ELECTRIC COOPERATIVE INC